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$1.00 lakes blue energy nl

only 3 months ago they were saying they'd be drilling by mid...

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Empirereef

794 Posts.

223

04/05/23

21:06

Post #: 67615075
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Originally posted by User893568: ↑

"The Company’s objective is to drill the Enterprise North-1 well before the end of 2023."

So LKO think they can achieve the following in 7 months:
Submit an operations plan that the department will approve
Select a wellsite and negotiate land access
Secure a drilling rig
Prepare the wellsite for the drilling rig (civils etc.)
Raise $millions to fund these activities

Remember when LKO announced in their 2022 capital raising prospectus that Wombat and Otway will be drilled in 2022? LOL These guys are amateurs with no credibility

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only 3 months ago they were saying they'd be drilling by mid year lol. Management are lost.

LKO Price at posting: 0.1¢ Sentiment: Hold Disclosure: Not Held
2 Upvote

1 Great analysis

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